B/2BNOW, a Wisconsin-based provider of electronic data interchange (EDI) solutions for the SAP S/4HANA Cloud enterprise resource planning (ERP) system, received a seed funding round of undisclosed amount.
The round was led by Esker, a worldwide leader in AI-driven process automation solutions and pioneer in cloud computing, which was responsible for 40% of the total amount raised and will be joining B/2BNOW’s board of directors.
The partnership is focused on providing automation and an improved experience on S/4HANA and allowing customers to prepare for the transition from SAP’s legacy ERP business suite, of which SAP is discontinuing support by 2025.
Led by Mike Kersels, CEO and founder, B/2BNOW is a strategically focused B2B Cloud Solution that is positioned to serve SAP’s S/4HANA global customer community. The company automates, integrates and manages the exchange of critical business data between S/4HANA systems and external business partners.
Esker is a worldwide leader in cloud-based document process automation software, allowing financial and customer service departments to digitally transform their purchase-to-pay (P2P) and order-to-cash (O2C) cycles. Used by more than 6,000 companies worldwide, the company’s solutions incorporate technologies like artificial intelligence (AI) to drive increased productivity, enhanced visibility, reduced fraud risk, and improved collaboration with customers, suppliers and internally.
Esker operates in North America, Latin America, Europe and Asia Pacific with global headquarters in Lyon, France, and U.S. headquarters in Madison, Wisconsin.
FinSMEs
22/07/2019